Dec 23, 2011

Bukit Uluwatu secures Rp300 bio loan

PT Bukit Uluwatu Villa Tbk (BUVA) has secured a Rp300 billion loan facilities from PT Bank Central Asia Tbk (BCA) on December 21 2011.
Anju Anita A., the company's Corporate Secretary, in a disclosure filed to Indonesia Stock Exchange yesterdat, said the facilities are consisting of local kredit facility worth Rp70 billion and investment credit facility of US$239 billion, which will be used by Bukit Uluwatu to finance operational activities and refinancing debt.
Bukit Uluwatu also took over 539 shares in PT Bukit Borobudur, located in Magelang, Central Java, from the previous shareholders worth Rp539 million.
Bukit Uluwatu also agreed to buy 7,876 shares in Bukit Borobudur's portfolio and 8,415 new shares. In total, Bukit Uluwatu will spend Rp8.42 billion for the takeovers.

Disclosure: No position at the stock mentioned above.  

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